Short Interest in RPT Realty (NYSE:RPT) Decreases By 28.5%
RPT Realty (NYSE:RPT – Get Free Report) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,960,000 shares, a decrease of 28.5% from the November 15th total of 2,740,000 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average trading volume of 780,500 shares, the short-interest ratio is presently 2.5 days.
RPT Realty Stock Performance
RPT Realty stock traded up $0.71 during midday trading on Thursday, reaching $13.66. 1,480,642 shares of the company traded hands, compared to its average volume of 743,169. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.12 and a beta of 1.62. The business has a 50 day moving average of $11.11 and a two-hundred day moving average of $10.71. RPT Realty has a 12 month low of $8.62 and a 12 month high of $13.78. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.33 and a quick ratio of 0.33.
RPT Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 4.10%. RPT Realty’s dividend payout ratio (DPR) is 109.81%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Carmignac Gestion bought a new position in RPT Realty in the third quarter worth approximately $2,663,000. Comerica Bank purchased a new stake in shares of RPT Realty in the third quarter worth $953,000. Sei Investments Co. increased its stake in shares of RPT Realty by 11.5% in the third quarter. Sei Investments Co. now owns 19,450 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 2,011 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of RPT Realty by 21.7% in the third quarter. JPMorgan Chase & Co. now owns 1,368,153 shares of the real estate investment trust’s stock worth $14,448,000 after purchasing an additional 243,996 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of RPT Realty in the third quarter worth $7,403,000. 93.91% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
RPT has been the subject of several recent analyst reports. Raymond James downgraded shares of RPT Realty from an “outperform” rating to a “market perform” rating in a research note on Monday, August 28th. StockNews.com initiated coverage on shares of RPT Realty in a research note on Tuesday. They set a “hold” rating for the company.
Get Our Latest Research Report on RPT Realty
About RPT Realty (Get Free Report)
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company’s shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company’s retail partners.
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Original: MarketBeat News Feed: Short Interest in RPT Realty (NYSE:RPT) Decreases By 28.5%